BABA(US:BABA) 财联社·2025-10-17 14:38Core Viewpoint - Alibaba and Ant Group are making a significant move towards internationalization by investing $925 million (approximately 6.6 billion RMB) to acquire a 13-story commercial building in Hong Kong, establishing their headquarters there, which reflects their confidence in Hong Kong's economy and business environment [2][3]. Group 1: Investment and Expansion - The acquisition of the Hong Kong landmark property is seen as a strategic step for Alibaba and Ant Group to further expand their international business from Hong Kong [3]. - Alibaba has had a long-standing presence in Hong Kong since its inception in 1999, with significant milestones including the launch of Taobao in 2005 and the establishment of Alibaba Cloud in 2014 [3]. - Ant Group has also been active in Hong Kong, launching AlipayHK in 2017, which now serves over 4.5 million active users [4]. Group 2: Market Dynamics - The Hong Kong market is viewed as a critical platform for internet giants to expand overseas, leveraging its robust legal system, international financial services, and talent resources [5]. - As the domestic market becomes saturated, internet companies are seeking new growth opportunities in Hong Kong, which offers diverse consumer needs and a high acceptance of new business models and technology applications [5]. Group 3: Competitive Landscape - Other major internet companies are also increasing their investments in the Hong Kong market, including Meituan, JD.com, and Douyin, indicating a competitive landscape for local services and e-commerce [4]. - Recently, JD.com completed the acquisition of Hong Kong-based Jia Bao Food Supermarket, further accelerating its expansion in the local retail market [4].